Gores Holdings XI, Inc. (NASDAQ:GHXIU) Short Interest Update

Gores Holdings XI, Inc. (NASDAQ:GHXIU) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 2,422 shares, an increase of 48.8% from the July 30th total of 1,628 shares. Based on an average daily trading volume, of 6,844 shares, the short-interest ratio is currently 0.4 days.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Gores Holdings XI to a “hold” rating in a research report on Saturday, July 4th.

Gores Holdings XI Stock Up 0.4%

Shares of NASDAQ GHXIU traded up $0.04 during trading hours on Tuesday, reaching $10.19. The stock had a trading volume of 141 shares, compared to its average volume of 104,664. The business’s 50-day simple moving average is $10.14. Gores Holdings XI has a fifty-two week low of $10.03 and a fifty-two week high of $11.05.

Gores Holdings XI Company Profile

Gores Holdings XI, Inc is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. As a special purpose acquisition company (SPAC), it does not operate a traditional commercial business of its own prior to completing such a transaction.

The company was organized by The Gores Group, a private equity firm known for sponsoring acquisition vehicles focused on identifying and combining with an operating business.